Comverse CEO Dahan Departs After Restatements, Falling Sales
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Comverse Technology Inc., a maker of voice-mail software, said Chief Executive Officer Andre Dahan will depart, citing the need for new leadership after a period of financial restatements and an options-backdating scandal that led to federal charges against his predecessor.
“The Comverse board appreciates Andre’s leadership under extenuating circumstances and feels it is important to transition the leadership to meet the challenges and opportunities to come,” Comverse Chairman Charles Burdick, who will succeed Dahan, said in a statement this week.